AVNation TV

Tag: Fortissimo Capital

  • Kramer Electronics Acquires Wow Vision

    Kramer Electronics Acquires Wow Vision

    JERUSALEM – Kramer Electronics has acquired Wow Vision Pte, a wireless collaboration software development company, through the purchase of the remaining 50% of the outstanding shares of the company.

    “We are incredibly excited that Wow Vision and its talented team of software engineers have joined the Kramer family,” says Gilad Yron, CEO of Kramer.

    “This acquisition will strengthen our R&D capacity and enable us to continue accelerating Kramer’s growth, especially in the strategic areas of networked software-based solutions, collaboration, unified communication and cloud technologies. It also demonstrates our ongoing commitment to investing in innovative technologies that offer our customers and partners better and smarter automated solutions to collaborate, share, and communicate in hybrid working and learning environments.”

    Yuval Cohen, Managing Partner of Fortissimo Capital and Chairman of the Board of Kramer, added:

    “Kramer’s growth is fueled by innovation and our ability to develop the best solutions in the market. Kramer continues to invest in technologies that will further enhance its leadership in providing solutions for the rapidly changing environment for how people communicate, work and study.

  • Fortissimo Capital Fund acquires a controlling stake in Kramer Electronics

    Fortissimo Capital Fund acquires a controlling stake in Kramer Electronics

    JERUSALEM – Fortissimo Capital Fund acquired a majority interest in Kramer Electronics, a leading player and pioneer in the Pro AV industry. Michael and Ben-Zion Hochstein, two of the company’s founders retain their interests in the company, while Dr. Joseph Kramer, an entrepreneur and the founder of Kramer Electronics is retiring from the company.

    Kramer Electronics develops, manufactures and markets an extensive and innovative pro-AV portfolio of products and solutions for corporate, education, command and control, government, live events, healthcare, and other applications.

    Fortissimo Capital Fund is a leading private equity fund based in Israel, with proven capabilities to facilitate the growth of technology companies. Fortissimo manages $1.6 billion in capital and has to date invested in approximately 50 companies in Israel and abroad.

    Itzhak Bambagi, Chief Executive Officer of Kramer commented, “I would like to thank Dr. Kramer for the many years he has dedicated to the success of our company. Dr. Kramer was one of the founding fathers of the AV industry and contributed greatly to the company’s position as a world leader in its field.

    Fortissimo’s investment in our company is a major milestone and I am confident that under their guidance we can grow and become an even more significant player in the market.”

    “This year, we are celebrating 40 years since the founding of Kramer Electronics. The initial pillars upon which the company was built, with a focus on constant innovation, the pursuit of excellence and team spirit remain the driving force of our business today. These values ​​and our strategic direction will continue to drive the company’s future success.

    Yuval Cohen, Managing Partner of Fortissimo Capital and Chairman of the Board of Kramer added: “Kramer’s continued innovation and innovative solutions including cutting-edge cloud technologies, pioneering methods of delivering AV over IP and wireless presentation and collaboration advances have solidified its position as a leader in the industry. Digital multimedia and AV technologies are thriving, and we see Kramer Electronics as a great global platform with over 25 offices worldwide to further grow and enhance its operations. We are thrilled to participate in the next phase of Kramer’s journey.”